# Falci Construction Ltd (12673566)

> Why UK company 12673566 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/12673566

- **Status:** Administration ended
- **Administration began:** 2022-11-04
- **Administrators:** Christopher Newell, Nicholas Simmonds
- **Administrators' firm:** Quantuma
- **Incorporated:** 2020-06-16
- **Location:** Watford
- **Industry:** 41100 Development of building projects

## Why it went into administration

- Cash flow / liquidity pressure

## From the administrators' statement

Quantuma Advisory Limited were first approached by the Company in September 2022 and subsequently instructed on 14 October 2022.

Following a review of the financial position together with various discussions with the Directors it was established that the Company was insolvent on both balance sheet basis and cash flow basis, as the Company could not pay its debts as and when they fell due.

It had been decided to place the Company into Administration via a pre-packaged administration sale as there was insufficient working capital and no prospect of persuading new funding to allow medium-term trading to continue in order that the business and assets could be exposed thoroughly to the market.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/12673566/filing-history/MzM2NDgzOTA2M2FkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/12673566

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.